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As the leading streamers have developed their offerings, most have opted to advertise around value propositions with rhetoric indicating they offer something for everyone. But efforts to woo mass-market audiences overlook opportunities to brand around individual fan communities and niches.
“Saying you’re the best streamer is not an identity. Saying you have the most stuff is not an identity. Saying that you're the best value is not an identity,” said Known’s Martin. “All early markets compete on selling features, and in this case, the features are the content. That’s not going to be enough anymore because everything is everywhere.”
Martin likened the idea to Comedy Central, which had a strong brand identity for being funny and irreverent and was also able to use hit shows such as “South Park” as calling cards for its network.
“Today, if you asked a more recent ‘South Park’ fan who made ‘South Park,’ you’re not going to hear Comedy Central. In fact, I don’t even know if they would know how to find Comedy Central, or find ‘South Park’ on Comedy Central.”
But content discovery is a different game in the world of streaming than it is for linear TV, where channel surfing and passive viewing serve as strong marketing tools. According to the Ad Age-Harris Poll survey, methods of finding content in streaming are vastly different by generation. Social media is the content recommendation source of choice for the majority of Gen Z (71%) and millennial respondents (55%). And 67% of all respondents said they just search for individual streaming titles they want to watch on their air dates.
“Entertainment marketers have been slow to adopt some of the more sophisticated marketing tools available to all marketers,” said Martin. “As a result, there is more waste in entertainment marketing than perhaps any other category. All of the tools that we now have at our disposal as marketers make us more predictive and more precise, which means we can be more efficient and more effective. That is nowhere near the reality of today in entertainment marketing.”
Series and movie trailers are typically served to mass audiences to generate broad interest and word-of-mouth hype. Streaming marketers, said Martin, need to do more work in audience targeting to identify consumers who are diehards for certain genres and to establish their platforms as the destination for that genre.
Paramount’s DiMeglio said it takes a balance of single-title and platform marketing to be effective.
“You’ve got to do the service sell to showcase the breadth and depth [of content] that gives viewers the notion of the value that they’re going to get because people will sign up for one show, but by and large, they want to sign up for that one show knowing there’s a whole bunch of other stuff that they can watch,” said DiMeglio.
Paramount+ has measures in place to align content of similar tastes, said DiMeglio. For example, users signing in once a week to watch “Halo,” its series based on the video game of the same name, will likely be prompted to stay on the platform to watch episodes of “Star Trek” or other science fiction content.
Similarly, Peacock’s Willett said Bravo watchers will receive different recommendations and ads during episodes of the “Real Housewives” franchise than “Law & Order” viewers, and this user targeting extends to emails and push notifications from the platform.
Taking this type of targeted marketing outside of the recommendations made within the platform is less common. Numerous opportunities await for top streamers to set up shop as the go-to pipeline for consistent original content, said Martin, who listed kids entertainment, sports and live TV as areas where no single streamer can claim dominance.